Junior Market changes course on Tuesday

Trading closed on the Junior Market on Tuesday, with the market dropping even as the volume of stocks traded rose 25 percent and the value increased by 27 percent over Monday out turn.
Market activity led to 40 securities trading, up from 35 on Monday, with prices of 14 rising, 18 declining and eight ending unchanged.
At the close, the Junior Market Index shed 33.10 points to finish at 3,336.55.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 12.6 based on ICInsider.com’s 2021-22 earnings forecast.
Trading accounted for 4,263,733 shares for $13,550,854 compared to 3,407,426 units at $10,642,073 on Monday.
Derrimon Trading led market activity with 19.7 percent of total volume after an exchange of 838,859 shares, followed by Mailpac Group 13.5 percent, with 574,597 units and Lumber Depot 12.7 percent, with an exchange of 541,700 units.
Trading averaged 106,593 units at $338,771 versus 97,355 at $304,059 on Monday. Month to date trading averages 226,854 units at $618,646, down from 235,506 shares at $638,787 on Monday. May closed with an average of 318,089 units at $760,337.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Blue Power dropped 30 cents to $3.65, after trading 40 shares, Caribbean Assurance Brokers lost 12 cents to end at $1.90 with an exchange of 3,821 stocks, Dolphin Cove declined by 20 cents to $7.80, with 500 units changing hands. Elite Diagnostic slipped 5 cents to $2.95, with 5,276 shares traded, Express Catering fell 9 cents to $6.35 with a transfer of 11,836 stocks, GWest Corporation dipped 5 cents to 80 cents with 60,535 units passing through the market. ISP Finance popped $2.15 to $17.75 with an exchange of 1,000 stock units, Jamaican Teas rose 6 cents to $3.99 with 316,684 shares changing hands, Jetcon Corporation dipped 35 cents to $1.20 with 1,270 stocks traded. Knutsford Express declined by $1.15 to close at$7.60, with a transfer of 8,565 units, Lasco Distributors fell 18 cents to $4.07 with investors switching ownership of 121,830 stock units, Lasco Financial gained 8 cents to end at $3.24 with an exchange of 467,953 shares. Lasco Manufacturing slipped 5 cents to $5.35 with 306,585 stocks changing hands, Limners and Bards added 5 cents to end at $3.10, with 18,205 units traded, Main Event rallied 35 cents to $5.35 in transferring 28,568 stock units. Medical Disposables spiked 49 cents to finish at $5 with an exchange of 591 shares, Stationery and Office Supplies dropped 40 cents to $7.60 with investors switching ownership of 7,500 stocks, Tropical Battery rose 6 cents to $1.37, with 331,978 units traded and tTech gained 5 cents to close at $4.75 with 5,298 stock units crossing the exchange.
In the preference segment, CAC 2000 9.5% lost 5 cents to finish at $1.15 with 6 shares changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Down day of JSE Main Market stocks

Market activity ended on Tuesday with declining stocks having the upper hand on rising stocks as the volume of shares exchanged rose 39 percent and the value 98 percent above Monday’s outturn, leaving the market indices languishing with losses at the close of Jamaica Stock Exchange Main Market.
Trading ended with 51 securities versus 52 on Monday, with 16 stocks rising, 25 declining and 10 remaining unchanged.
The All Jamaican Composite Index declined 2,380.68 points to 473,229.04, the JSE Main Index fell 2,360.07 points to end at 436,332.59 and the JSE Financial Index lost 0.54 points to 109.18.
The PE Ratio, a measure that determines an appropriate relative value for a stock, averages 17 based on ICInsider.com forecast of 2021-22 earnings.
A total of 9,136,559 shares traded for $130,802,962 versus 6,571,725 units at $66,082,456 on Monday. Wigton Windfarm led trading with 47.9 percent of total volume, after trading 4.38 million shares, followed by JMMB Group with 14.6 percent and 1.34 million units and Ciboney Group 7.2 percent, with 655,651 units.
Trading averaged 179,148 units at $2,564,764, compared to 126,379 shares at $1,270,816 on Monday. Trading month to date averages 245,024 units at $4,325,798, in contrast to 249,510 units at $4,445,708 on Monday. May ended with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading has eight stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments shed 55 cents ending at $82.40 in switching ownership of 30,405 shares, Caribbean Cement rose $1.20 to end at $95 with 14,582 stocks crossing the market, Eppley Caribbean Property Fund rallied $4 to $42 after exchanging 654 units, Grace Kennedy ended 55 cents lower at $99.45 with the swapping of 149,969 shares. Guardian Holdings declined $5.02 in closing at the lowest point since listing locally at $719.99 in exchanging 19,385 stocks, Jamaica Broilers rose $1 to $36 in trading 74,092 units, JMMB Group lost 25 cents to finish at $38.50 with the swapping of 1,337,495 shares, Kingston Properties rallied 32 cents to $10.07 in trading 150 stock units. Kingston Wharves fell $1.45 to $46.50 with 5,086 units changing hands, Mayberry Investments shed 40 cents to settle at $5.60 with the swapping of 1,408 stock units. NCB Financial declined $1.18 to $143.53 with 19,656 shares crossing the market, Pan Jam Investment spiked 60 cents to $68.60 in switching ownership of 8,581 shares. Portland JSX declined $1.32 to end at $8.18 with an exchange of 3,500 stocks, Proven Investments popped $1.45 to $36.48 in trading 12,686 stock units, Sagicor Group gained 55 cents to end at $63.05 in transferring 403,583 shares. Sagicor Real Estate Fund shed 48 cents in closing at $8.32 in an exchange of 5,008 stocks, Scotia Group rose 95 cents to $41.95 with 10,552 stocks crossing the market, Seprod closed 50 cents lower at $74.50 after exchanging 8,923 units and Supreme Ventures fell $1.85 to $17.65 in trading 79,972 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Q2 profit jumps 22% at Scotia Group

Profit for the April quarter rose a decent 22 percent to $2.73 billion from $2.23 billion for the same period last year for Scotia Group, helped by lower staff cost and steeply reduced credit loss provision, with net interest income sagging sharply.

Scotia Group Kingston Branch

Net profit of $4.5 billion for the six months to April 2021 is up by $463 million or 11.5 percent compared to the corresponding period last year.
Net interest income dropped 13 percent from $6.3 billion to $5.5 billion in the quarter and for the half year, it slipped 9.5 percent to $11 billion from $12.48 billion. After providing expected credit losses, net interest income for the six-month period was slightly up to $9.9 billion from $9.8 billion in 2020, as expected credit losses were cut by $1.3 billion from $2.67 billion down to $1.4 billion. Other income increased $1 billion or 11 percent for the half year to $10.2 billion from $9.2 billion and increased by 11 percent from $4.29 billion for the April quarter to $4.78 billion. Foreign exchange gains contributed most to the rise in other income, with the April quarter enjoying a 39 percent bounce to $2.56 billion from $1.84 billion and for the half year an increase of 28 percent from $3.55 billion to $4.55 billion.
Segment results show a mixed picture for the half year, with Banking Treasury showing less income of $1.98 billion compared to $2.22 billion in 2020, with segment results of $833 million versus $1.08 billion. Retail banking saw a major about turn with a profit of $537 million from revenues of $9.5 billion against a loss of $139 million from revenues of $9.7 billion in 2020. Corporate and Commercial banking kicked in with revenues of $5.7 billion and profit of $2.18 billion from $5.45 billion and profit of $2.2 billion in 2020. Investment Management Services saw income and profit rising appreciably after generating $1.73 billion and contributed a profit of $1.3 billion to April this year versus $1.23 billion in revenues and profit of $627 million last year. Insurance revenues decreased by $700 million or 30.3 percent to $2.05 billion from $2.75 billion in 2020, while profit fell from $2 billion to $1.35 billion. The directors state that the fall is “due to the reduction in premium income stemming from the pandemic as well as lower actuarial reserve releases.”
Salaries and staff costs fell from $2.7 billion in the 2020 quarter to $2.49 billion and six months from $5.45 billion to $5.05 billion. Total operating expenses ended down at $5.59 billion from $5.88 billion and for the half year, cost rose from $13 billion to $13.36 billion.
The improved results are of import and the higher increase in the April quarter, encouraging. Still, the fall in net interest income suggests that major recovery in the Group’s core business may be some distance off, especially with contraction in the loan portfolio from $221 million at the end of October to $217 in January. Now $215 billion in April, the trend, however, suggests a slowing in the rate of decline. With, strong recovery in the tourism sector, the last major leg of the economy to recover, the bank may find new opportunities for increased lending and possible recovery of loan losses.
Before the impact of Covid-19 on the group’s operations, loans net of provision for credit losses was growing at a decent clip with an increase of 7 percent in 2020 to $216 billion, for 2019 loans grew 13 percent to $202 billion, in 2018 growth was 10 percent to $179 billion there was no growth in 2017 with $162 billion after an increase of 8 percent in 2016 and 7 percent in 2015.
Stockholders’ Equity rose to $118.4 billion from $112.4 billion at the end of April 2020. Deposits by the public grew to $361 billion from $334 billion at the close of April 2020 and Investment Securities remained at $145 billion as of April, similar to the same time last year, while cash resources jumped from $92 billion at the end of April 2020 to $136 billion at the end of the latest quarter, but down from $141 billion at the end of October last year.
What seems clear is that customers are using the Branches less to transact business and this is set to lead to reductions in costs in the future and help improve profitability and the bank’s image.
The group approved an interim dividend of 35 cents per share, payable on July 21, to stockholders on record on June 29. The stock traded at $41 on Monday at PE between 10 and 12 times 2021 estimated earnings.

Investors pulled in horns on Monday

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Following heavy trading on Friday, investors were off to a quieter move on Monday with the volume of stocks changing hands falling by 92 percent for 86 percent less the value on the Junior Market as the market index eked out a 2.62 points rise to 3,369.65, after marking 3,378.24 points in early morning activity.
Similar to Friday, 35 securities traded, ending with 16 stocks rising, eight declining and 11 closing unchanged, but price changes were modest in many cases.
The PE Ratio, a measure used to determine an appropriate relative value of each stock, averages 13 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 3,407,426 shares for $10,642,073 compared to 41,113,964 units at $73,698,638 on Friday.
Tropical Battery led trading with 18.6 percent of total volume or 634,705 shares, followed by Lumber Depot with 18.2 percent of the day’s trade or 619,517 units and Mailpac Group with 16.6 percent market share with an exchange of 566,352 units.
Trading averaged 97,355 units at $304,059 compared to 1,174,685 at $2,105,675 on Friday. The month to date averaged 235,506 units at $638,781, compared to 244,787 units at $661,267 on Friday. May closed with an average of 318,089 units at $760,337.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial rallied 19 cents to $22.49, after trading 100 shares, Blue Power popped 34 cents to $3.95 with 26,161 units changing hands, Caribbean Cream fell 19 cents to $5.75, with 27,461 units crossing the exchange. Express Catering jumped 44 cents to $6.44 with a transfer of 24,500 stocks, Fontana gained 3 cents in closing at $6.04, with 65,443 shares clearing the market. Fosrich increased 3 cents to $8.40 after exchanging 5,530 stock units, Future Energy Source advanced 1 cent to end at a record high of $1.11 in switching ownership of 376,588 stocks, General Accident dropped 2 cents to end at $5.65 trading 7,812 units. Indies Pharma dropped 24 cents to $3.35 with an exchange of 55,159 stocks, Lasco Distributors climbed 15 cents to $4.25 with investors switching ownership of 20,508 units. Lasco Financial rose 9 cents to $3.16 with 8,827 units traded, Limners and Bards lost 11 cents to finish at $3.05 with 141,212 shares changing hands, Lumber Depot advanced 11 cents to $3.40 with a transfer of 619,517 stocks, Mailpac Group gained 10 cents to settle at $3.80 with 566,352 shares traded and Tropical Battery slipped 5 cents to $1.31 with 634,705 stocks crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market continues to rise

Stocks surged 7,426 points at the opening of the market on Monday, with the All Jamaican Composite Index (AJI) shooting to 480,813.71, the highest level since the market close at just over 481,605 on March 5 last year, trading activity cooled off with the Jamaica Stock Exchange Main Market closing higher than on Friday with just over 2,200 points added to the AJI at the close.
Trading ended with 52 securities compared to 56 on Friday, with 22 stocks rising, 26 declining and four remaining unchanged.
At the close of trading, the All Jamaican Composite Index rose 2,222.03 points to 475,609.72, the JSE Main Index ended with a rise of 1,370.55 points to end at 438,692.66 and the JSE Financial Index added 0.57 points to finish at 109.72.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 17 based on ICInsider.com forecast of 2021-22 earnings.
The volume of shares traded fell 31 percent and value 21 percent compared to Friday as 6,571,725 shares changed hands valued at $66,082,456 versus 9,586,037 units at $83,876,641 on Friday. Transjamaican Highway led with 23.9 percent of total volume for 1.57 million shares, followed by Wigton Windfarm 21 percent, with 1.38 million units and Mayberry Investments with 14.5 percent for 952,369 units.
Trading averaged 126,379 units at $1,270,816, compared to 171,179 shares at $1,497,797 on Friday. Trading month to date averages 249,510 units at $4,445,708, in contrast to 258,696 units at $4,682,573 on Friday. May ended with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading has 8 stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments shed 54 cents in closing at $82.95 with an exchange of 32,000 shares, Berger Paints rose 24 cents to $14.09 in trading 930 units. Caribbean Cement lost 20 cents to settle at $93.80 with the swapping of 1,033 stock units, Carreras rallied 20 cents to $9.50 after transferring 8,405 stock units, Eppley Caribbean Property Fund popped $1.99 to $38 with 420 stocks crossing the market, First Rock Capital picked up 20 cents to finish at $16 in swapping 19,316 units. Grace Kennedy climbed 54 cents to a 52 weeks’ high of $100, with 193,690 shares crossing the exchange, Guardian Holdings dropped $19.99 to a 52 weeks’ closing low of $725.01 in switching ownership of 9,328 units, Jamaica Broilers shed 97 cents to $35 transferring 37,072 stocks. Jamaica Producers popped 51 cents to $24.51, trading 12,114 shares, JMMB Group gained 30 cents in closing at a 52 weeks’ high of $38.75 with an exchange of 164,979 stocks, but only after trading at an intraday year’s high of $40.  Kingston Properties closed 32 cents lower at $9.75, trading 4,000 units, Kingston Wharves spiked $1.45 to $47.95 in exchanging 12,832 stock units, Mayberry Jamaican Equities rose 97 cents to $9.48 with the swapping of 1,051 stocks. MPC Caribbean Clean Energy rallied $32.27 in closing at $148.50 after exchanging 59 units, NCB Financial dipped $2.29 to $144.71 in switching ownership of 21,120 shares, 138 Student Living lost 20 cents ending at $5.25 with an exchange of 4,194 stocks, Palace Amusement dived $65 to $1,100 with the transfer of 445 stock units. Pan Jam Investment fell $1 to $68 after 13,115 shares crossed the market, Proven Investments fell $1.87 to $35.03 with 14,943 stock units changing hands, Sagicor Group slipped $1 to $62.50 in exchanging 47,781 shares after trading at a 52 weeks’ high of $68. Sagicor Real Estate Fund rose 48 cents to $8.80 in trading 1,742 units, Scotia Group shed $1 to end at $41 in switching ownership of 2,691 stocks. Seprod popped $1 higher at $75 in exchanging 10,899 stock units, Supreme Ventures declined $1.58 to $19.50 with a transfer of 248,201 shares and Sygnus Credit Investments gained 20 cents to close at $15.20 with 47,134 stock units crossing the market.
In the preference segment, Eppley 8.25% shed 89 cents to end at $6.05, after 6,027 stocks were traded, JMMB Group 7% lost 40 cents to close at $1.60 in an exchange of 320 units and JMMB Group 7.25% finished 34 cents lower to a 52 weeks’ low of $1.10 with the swapping of 125,000 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Solid week of gains for JSE majors

Stocks enjoyed a solid week with a rise of three percent after the All Jamaican Composite Index surged 14,114 points since last Friday and the market moved sharply up from the area of resistance around the 460,000 mark as the 4,215.85 points rise on Friday pushed the All Jamaican Composite Index to 473,387.69 on limited volume on the Jamaica Stock Exchange Main Market.
At the close, the JSE Main Index jumped 3,056.20 points to 437,322.11 and the JSE Financial Index gained 1.00 points to end at 109.15.
Trading ended on Friday with 56 securities versus 50 on Thursday, with 20 stocks rising, 28 declining and eight ending unchanged, with the volume and value of shares traded falling 59 percent and 81 percent lower than traded on Thursday, respectively.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.9 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 9,586,037 shares trading for $83,876,641 versus 23,420,303 units at $432,056,408 on Thursday. Wigton Windfarm led trading with 44.9 percent of total volume for 4.30 million shares, followed by Transjamaican Highway with 15.9 percent for 1.53 million units and Sagicor Select Financial Fund 10.9 percent, with 1.05 million units changing hands.
Trading averaged 171,179 units at $1,497,797, compared to 468,406 shares at $8,641,128 on Thursday. Trading month to date averages 258,696 units at $4,682,573, in contrast to 266,342 units at $4,960,806 on Thursday. May ended with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading has 14 stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments climbed 49 cents to $83.49 with 3,985 shares changing hands, Berger Paints fell $2.14 to $13.85 in transferring 23,784 shares, Caribbean Cement rallied $3.80 to $94 with 19,468 stocks crossing the exchange, Eppley Caribbean Property Fund dropped $5.94 to settle at $36.01 in exchanging 739 shares. Grace Kennedy slipped 50 cents to close at $99.46 after a transfer of 31,523 stock units, Guardian Holdings ended $4 lower at $745 with the swapping of 2,390 units, Jamaica Producers lost 45 cents in closing at $24 in switching ownership of 5,788 stocks. Jamaica Stock Exchange gained 24 cents to end at $17.25 with 1,603 units clearing the market, JMMB Group shed 5 cents in ending at $38.45 while exchanging 101,132 stocks, after trading at an intraday 52 weeks’ high of $38.85, Kingston Properties dived 93 cents to $10.07 in exchanging 233 stocks. Kingston Wharves climbed 89 cents to $46.50, with a transfer of 13,291 stock units, Margaritaville fell 65 cents to $14.10 after exchanging 58 stocks, Mayberry Jamaican Equities dropped $1.04 to $8.51 in trading 4,028 units, NCB Financial Group shed 99 cents at $147 with 74,276 shares changing hands, Palace Amusement dipped $5 to $1,165 after 139 stock units crossed the market. Pan Jam Investment shed 70 cents to close at $69 with the swapping of 1,164 stocks, Portland JSX advanced $2.38 to $9.50 in transferring 2,000 shares, Sagicor Group climbed $9.84 to finish at $63.50 with an exchange of 37,269 stock units. Sagicor Real Estate Fund shed 73 cents to close at $8.32 with the swapping of 25,410 shares, Salada Foods rose 45 cents to end at $8.50 in an exchange of 33,109 stocks, Seprod advanced $1.70 to close at $74 in trading 3,331 stock units. Supreme Ventures gained 28 cents to end at $21.08 with 251,994 shares changing hands and Sygnus Credit Investments gained 21 cents to close at $15 after an exchange of 49,877 stocks.
There was increased trading activity in the preference segment on Friday, with ten active stocks. At the close, JMMB Group 7.15% – 2028 gained 15 cents in ending at $3.05 with 1,660 stock units crossing the market. JMMB Group 7.35% – 2028 rose 13 cents to close at $3.20 in exchanging 22,500 stocks, Jamaica Public Service 9.5% climbed $10 to $1,700 with 17,548 shares crossing the market and 138 Student Living Preference shares spiked $1.03 to $7.91 after exchanging 500 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Massive surge in Junior Market volume

The volume of stocks traded was heavy with a 663 percent surge on Friday, with a 448 percent greater value than on Thursday, resulting from 35 securities trading compared to 37 on Thursday, with 13 rising, 15 declining and seven closing unchanged on the Junior Market of the Jamaica Stock Exchange.
At the close, the Junior Market Index rose 12.12 points to settle at 3,367.03 to be up 39 points for the week as the market seems to be moving steadily away from the downward pull of resistance, just below 3,300. The PE Ratio, a measure that compares the relative value of each stock, averages 13 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 41,113,964 shares changing hands for $73,698,638 well up on the 5,390,213 units at $13,454,101 on Thursday. Caribbean Flavours led trading with 48.6 percent for 20 million shares, followed by Future Energy Source 40.1 percent with 16.47 million units and Indies Pharma with 2 percent of the day’s trade for 816,718 units.
Trading averaged 1,174,685 units at $2,105,675 in contrast to 145,681 at $363,624 on Thursday. Trading month to date averages 244,787 units at $661,267, compared to 177,819 units at $557,252 on Thursday. May closed with an average of 318,089 units at $760,337.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with lower offers.
At the close, Blue Power lost 13 cents to end at $3.61 with an exchange of 13,542 shares, Caribbean Cream lost 6 cents to close at $5.94 in trading 18,826 stock units, Caribbean Flavours declined 2 cents to $2.14 with the swapping of 20,001,191 shares. Consolidated Bakeries picked up 5 cents in ending at $1.75 with a transfer of 62,000 units, Elite Diagnostic gained 5 cents to finish at $3 with the swapping of 246,724 stocks. Express Catering shed 35 cents to $6 in switching ownership of 49,301 shares, Fontana lost 19 cents in ending at $6.01 with 33,979 units crossing the market, Future Energy Source advanced 1 cent, ending at a 52 weeks’ high of $1.10 with the swapping of 16,472,703 stock units, Honey Bun closed 29 cents higher at $6.99 after exchanging 16,600 stocks, Indies Pharma rallied 40 cents to $3.59 in exchanging 816,718 units, ISP Finance dived $4.40 in closing at $15.60 with 1,569 stock units crossing the market, Jamaican Teas dipped 7 cents to finish at $3.93, with a transfer of 431,601 shares. Jetcon Corporation fell 13 cents to close at $1.55 with an exchange of 70,197 stock units, Knutsford Express lost 15 cents after ending at $8.75 in trading 20,068 stocks. Lasco Distributors gained 8 cents to close at $4.10 with a transfer of 627,504 shares, Lasco Financial lost 15 cents to end at $3.07 in exchanging 116,562 stocks, Lasco Manufacturing fell 4 cents to $5.41 with 233,487 stock units crossing the market. Lumber Depot gained 10 cents to $3.29 with 509,063 shares changing hands, Stationery and Office Supplies shed 90 cents to close at $7.98 with the swapping of 70,956 stock units and tTech lost 10 cents to end at $4.70 after exchanging 6,072 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Huge jump for JSE Main Market

Trading activity pushed the market to trade at levels not seen since early in 2020 as stocks were pushed 10,503 points in less than 30 minutes of the opening, to just over 471,844 points on Thursday, with the market holding on to the bulk of the gains, after more than half the securities trading rose, with the volume of shares exchanged climbing 164 percent and the value 660 percent higher than on Wednesday at the close of the Jamaica Stock Exchange Main Market.
The consolidation of the market from January this year resulted in a wedge formation that set up the market for a big break out that is now happening and led today to one of the biggest gains in the market index since March last year as the All Jamaican Composite Index surged 7,830.58 points to 469,171.84, the JSE Main Index spiked 6,192.88 points to 434,265.91. The JSE Financial Index added 1.96 points to end at 108.15.
A total of 50 securities traded compared to 52 on Wednesday, with 27 stocks rising, 14 declining and nine remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 17.1 based on ICInsider.com’s 2021-22 earnings forecast.
At the close, 23,420,303 shares traded for $432,056,408 versus 8,879,043 units at $56,815,416 on Wednesday. Sagicor Select Financial Fund dominated trading with 64.4 percent of total volume for 15.07 million shares, followed by Wigton Windfarm 15.8 percent with 3.70 million, and Transjamaican Highway contributed 6.6 percent, after trading 1.53 million units and JMMB Group 7.25% 4.8 percent, with 1.08 million units changing hands.
Trading Thursday averaged 468,406 units at $8,641,128, compared to 170,751 shares at $1,092,604 on Wednesday. Trading for the month to date averages 266,342 units at $4,960,806, versus 249,247 units at $4,649,442 on Wednesday. May ended with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments advanced $1.90 to $83 with 38,712 shares changing hands, Caribbean Cement declined $3.55 to $90.20 in trading 25,435 stocks, Eppley fell $1 to $44, with 817 shares clearing the market, Eppley Caribbean Property Fund surged $6.95 to $41.95 with the swapping of 113 stock units, First Rock Capital gained 20 cents in ending at $16 in switching ownership of 2,720 stocks. Grace Kennedy advanced $3.66 to a 52 weeks’ closing high of $99.96 trading 76,317 units, Guardian Holdings dropped $6 to finish at $749 after exchanging 508,957 shares, Jamaica Producers popped 95 cents to $24.45 with an exchange of 3,807 shares, JMMB Group ended 71 cents higher at a 52 weeks’ high of $38.50 with the swapping of 125,910 stock units. Kingston Properties rose 73 cents to $11 with 3,929 units crossing the market, Kingston Wharves shed 89 cents to close at $45.61 in exchanging 9,727 stocks, NCB Financial climbed $2.99 to $147.99 with the swapping of 10,462 shares. Palace Amusement spiked $170 to $1,170 in transferring 17 units, Pan Jam Investment advanced $4.65 to close at $69.70 with the swapping of 5,171 stocks, Proven Investments rose $1.88 to $36.88 in switching ownership of 74,184 shares. Sagicor Group dropped $4.24 to $53.66 with 25,338 stocks changing hands, Sagicor Real Estate Fund increased 5 cents to close at a 52 weeks’ high of $9.05, trading 21,349 shares. Scotia Group rose $2.02 to $42 after an exchange of 104,968 shares, Seprod fell $1.70 to $72.30 in trading 10,488 units, Sterling Investments gained 20 cents in closing at $3 with a transfer of 21,700 stocks. Sygnus Credit Investments shed 40 cents in ending at $14.79 with 20,430 stock units crossing the exchange and Wisynco Group gained 54 cents to close at $15.95 in switching ownership of 108,466 shares.

In the preference segment, Community & Workers Credit Union lost 22 cents to end at a 52 weeks’ low of $1.47 with a transfer of 678 stocks.  


Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market recovers ground on Thursday

Stocks delivered another day of advance after regaining just under half the points lost yesterday on the for the Junior Market as trading came to an end on Thursday with prices of 13 stocks rising, 14 declining and 10 ending unchanged after 37 securities traded compared to 36 on Wednesday, after an exchange of 18 percent fewer stocks for 31 percent less the value than on Wednesday.
The Market Index added 15.14 points to close at 3,354.91 after moving up to 3,375.79 within six minutes of the opening.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averaged  12.7 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 5,390,213 shares for $13,454,101 compared to 6,540,530 units at $19,468,768 on Wednesday.
Future Energy Source led trading with 36.9 percent of total volume, and 1.99 million shares, Tropical Battery followed with 11.6 percent or 627,308 units and Mailpac Group 9.6 percent, with an exchange of 518,163 units.
Trading averaged 145,681 units at $363,624 in contrast to 181,681 at $540,799 on Wednesday. The month to date averages 177,819 units at $557,252, compared to 180,468 units at $573,208 on Wednesday. May closed with an average of 318,089 units at $760,337.
Investor’s Choice bid-offer indicator reading shows three stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial popped $1.30 to $22.30 trading 1,002 shares, AMG Packaging fell 16 cents to $1.55 with 50 stocks passing through the market, Blue Power climbed 13 cents to close at $3.74 with a transfer of 1,800 units. Caribbean Producers rose 6 cents to a 52 weeks’ high of $4.50 with 114,426 stock units traded, Elite Diagnostic dropped 25 cents to $2.95 with 98,497 shares changing hands, Express Catering climbed 85 cents to $6.35 with an exchange of 164,415 stocks. Fosrich lost 14 cents to close at $8.35 with investors switching ownership of 9,790 units, Indies Pharma dropped 33 cents to $3.19 with a transfer of 210,587 stock units, KLE Group gained 21 cents to end at $1.2 with 4,000 shares traded. Knutsford Express climbed 15 cents to $8.90 with 7,058 units changing hands, Lasco Financial fell 27 cents to $3.22 with an exchange of 504,345 stocks, Limners and Bards advanced 15 cents to $3.15 with investors switching ownership of 49,198 stock units. Lumber Depot fell 11 cents to $3.19 with a transfer of 114,143 shares, Mailpac Group  slipped 8 cents to $3.69 with 518,163 units traded, Main Event lost 20 cents to settle at $5 with 7,723 stocks changing hands.Medical Disposables dropped 40 cents to $4.50 with investors switching ownership of 18,945 stock units and Stationery and Office Supplies spiked 65 cents to $8.88 with 10,016 shares crossing the exchange.

 Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Wigton dominates main market as price dips

Market activity ended on Wednesday with the market rising after the volume of shares traded fell 60 percent with values down 71 percent compared to Tuesday, with Wigton Windfarm accounting for nearly half of the volume of stocks traded, as the price hit a new 52 weeks’ low as the stock looks technically weak at the close of the Jamaica Stock Exchange Main Market.

At the close, the All Jamaican Composite Index advanced 2,218.44 points to 461,341.26, the JSE Main Index rose 1,596.37 points to end at 428,073.03 and the JSE Financial Index popped 0.67 points to 106.19.
Trading ended with two stocks ending at 52 weeks’ highs and two at lows as 52 securities traded similar to Tuesday, with 19 stocks rising, 22 declining and 11 remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.5 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 8,879,043 shares trading for $56,815,416 versus 22,237,953 units at $198,202,082 on Tuesday. Wigton Windfarm led trading with 46.7 percent of total volume for an exchange of 4.34 million shares, followed by Transjamaican Highway with 17.3 percent for 1.60 million units and Sagicor Select Financial Fund with 5.8 percent for 541,055 units.
The average day’s trade is 170,751 units at $1,092,604, compared to 427,653 shares at $3,811,578 on Tuesday. Trading month to date averages 249,247 units at $4,649,442, in contrast to 256,820 units at $4,992,587 on Tuesday. May ended with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading is strong, with 17 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments fell $2.10 to close at $81.10 with the swapping of 17,680 shares. Caribbean Cement lost 26 cents to end at $93.75 in exchanging 5,661 stocks, Eppley spiked $5 to settle at a 52 weeks’ high of $45 with the swapping of 1,270 units. Eppley Caribbean Property Fund plunged $6.90 to $35 in switching ownership of 5,410 stock units, First Rock Capital lost 20 cents ending at $15.80 in an exchange of 3,724 stocks, Grace Kennedy rose $1.30 to $96.30 in transferring 28,487 stock units. Guardian Holdings declined $4.50 to $755 with 3,590 shares changing hands, Jamaica Broilers advanced $2.20 to $35.80 in trading 5,924 units, Jamaica Producers shed 93 cents in closing at $23.50 with a transfer of 46,176 stock units. JMMB Group rose $1.09 to close at a 52 weeks’ high of $37.79 in exchanging 111,569 shares, Margaritaville gained 45 cents to end at $14.75 with 66,800 stock units clearing the market, Mayberry Investments ended 54 cents higher at $6.05 after an exchange of 209,044 shares, Mayberry Jamaican Equities gained 45 cents to close at $9.55 with 115,030 stock units clearing the market. MPC Caribbean Clean Energy picked up 23 cents to end at $116.23 in trading 3,194 units, NCB Financial Group advanced $2 to close at $145 with 50,829 shares crossing the market, Palace Amusement plunged $170 to close at $1,000 with the swapping of 513 stocks. Pan Jam Investment fell $1.51 in closing at $65.05 in transferring 24,696 units, Proven Investments dived $1.90 to finish at $35 in an exchange of 345,327 shares, Sagicor Group spiked $5.90 to $57.90 in switching ownership of 58,795 stock units, Sagicor Real Estate Fund gained 70 cents to end at $9 in an exchange of 1,510 stocks, Salada Foods lost 20 cents to settle at $8 with a transfer of 44,470 shares. Seprod rose 99 cents to close at $74, with 9,423 units crossing the exchange, Supreme Ventures ended 72 cents higher at $20.80 after an exchange of 43,256 stock units, Sygnus Credit Investments gained 57 cents in closing at $15.19 in trading 121,657 stocks. Transjamaican Highway lost 3 cents to end at 52 weeks’ low of $1.17 with an exchange of 1,604,464 units and Wigton Windfarm dropped 4 cents to close at a 52 weeks’ closing low of 57 cents, after hitting an intraday low of 53 cents, with 4,336,688 units clearing the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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